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to a deal in washington today. you can tell from the sell-off, investors do not like it. >> no, posting their largest decline since november 14th, in case you were wondering. although we are off the lows of the session right now. the dow was down 189 two hours into the trading session. we've come off those lows. but at this point, the dow is down 1% for the week and we are down 1% today at 13,173. nasdaq lower, as well. let's see how many percentage points we're down right now. down 1.25%. the technology sector is taking a bigger hit today. down to 3,012 on the nasdaq and the s&p 500 index is down 1% at 1428. . >> house speaker john boehner says he's still open to a offer from the democrats. >> it was a dramatic evening last night. john harwood was there. he has the latest on the on talks. are there any talks, john? >> i think so. but they're pretty muted. this bill was not win of those weeks that makes washington look good. come to think of it, there aren't many weeks that make washington look good. but this was especially especially difficult because you had negotiations getting close
the whites of their ey in washington. right? i mean, you're waiting to see what happens with this fiscal cliff? >> i am. i tell you, i think that the christmas gift people are getting right now is to sell above 13,000. we were surprised we're not getting a deal. i'm surprised the market's as firm as it is and it is very easy to overthink this. well, must be firm. the bulls are strong. hey, we go higher. i think that's not the read at all. i think the initial reaction we got when they sent the house of representatives home on thursday night is what we're going to see when they don't get a deal done to the end of the year. i think there is no way. >> you think the market has it wrong here by being this high. >> i do. i think ultimately we're being tropical depression up by the 90 billion a month in fed liquidity but i think that comes home to roost probably as we get closer to the end of the year. the only way we have a shot to get a deal at the end of the year or maybe even early in january is if we have market pressure. right now the market is supplying no pressure to these politicians.
of questions focusing on the issue. washington correspondent john harwood at the white house right now. john, perhaps no one has followed the twists and turns as much as you in all of these negotiations. why now does it feel like things are not in as good a place as we thought? >> because there's a lot of resistance within the republican caucus, maria, to the idea of raising taxes on anyone so that the concession that john boehner made toward the president, while it didn't go nearly as far as the president wanted, is one that's very difficult for him to maintain within his caucus. we've heard the club for growth come out this afternoon and owe poets speaker's plan "b" even though the grover norquist group, american for tax reform, says it's not an increase, but that balancing act is making it difficult for john boehner to respond to the offer the president laid down so he walked away, said that the president's offer was not balanced, didn't have enough spending cuts, and the president in trying to drive home the case that the speaker needs to cooperate with him and compromise with him, came
of $300 billion. guys, it looks like the horse trading is alive and well here in washington. now this offer being extended from the republicans. you can assume that the white house will not think this is enough tax revenue to go forward, but, of course, offers are being exchanged here so that's a sign negotiations are under way, guys. >> let's get into the details here. $600 billion in health savings. what does that mean for medicare? break it down in terms of where these savings come from. >> i wish i could. what we don't have here is a lot of detail hanging off this christmas tree at this point. we're looking at a couple of bullet points being released now in terms of the scale of the deal. it gives us overall broad numbers. presumably negotiators would have to go in and fill in details of how they're get that kind of savings. there have been a lot of proposals on health of finding billions of dollars of savings by reducing overhead and other things like that. you've seen the unions come out and say they don't want to see any changes at all that would hurt payoffs to beneficiar
in washington, scott? >> we should. let's take a live look at capitol hill where the house of representatives is preparing to vote on speaker paperer's plan "b" budget proposal. our other big story. does it have a chance of passing the senate before the deadline? we'll talk to senator ben cardin next. >> transformed indiana's budget deficit into a surplus of around $500 million. governor mish danneels explains what congress need to do to overcome the nation's debt crisis. >> and coming up, is the sky the limit now that they have sold their shares the? more later on the "closing bell." >>> welcome back. here's a live picture of the house. the house hours away from voting on speaker painer's proposal to extend tax cuts for those making less than $1 million a year. we're waiting on this bill to pass the house, and it's probably dead on arrival in the senate. scott? >> another vote that you are watching go through a bunch of procedural things as well. i heard 7:00 to 8:00 tonight maybe is when they would vote on this plan "b" from the speaker. meantime, the president has already threatened to vet
Search Results 0 to 4 of about 5